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Home Price Gains Slow Down in October 2018

Home Price Gains Slow Down in October 2018

December 4th, 2018 | Mortgage News

CoreLogic reports that home prices, including distressed sales, rose 5.4 percent from October 2017 to October 2018. That is down from the 7 percent gain seen year over year in March of this year. On a month over month basis, prices rose 0.5 percent from September 2018 to October 2018. Looking ahead, CoreLogic sees a 4.8 percent increase from Oct0ber 2018 to October 2019. Frank Nothaft, Chief Economist at CoreLogic says, "Rising prices and interest rates have reduced home buyer activity and led to a gradual slowing in appreciation (in prices)." This is good news for Utah homebuyers.